+6.35(+0.41%)

+0.27(+0.44%)

-5.90(-0.44%)

-0.20(-1.17%)

-0.01(-0.71%)

Michael Kors recommended ahead of Q4 results at Piper Jaffray

Piper Jaffray expects Michael Kors to post a solid Q4 earnings beat on May 29 and said it would continue adding to positions in the name. Piper thinks current quarter retail trends have been strong and reiterates an Overweight rating on the stock with a $77 price target.